China Automotive Systems Inc Q3 Earnings Fall 11%

China Automotive Systems Inc (CAAS) released a profit for third quarter that lost ground from last year.

The company said its profit came in at $5.06 million, or $0.16 per share. This was lower than $5.68 million, or $0.18 per share, in last year's third quarter.

The company said revenue for the quarter rose 25.1% to $118.37 million. This was up from $94.63 million last year.

China Automotive Systems Inc earnings at a glance:

-Earnings (Q3): $5.06 Mln. vs. $5.68 Mln. last year.
-Earnings Decline (Y-o-Y): -10.9%
-EPS (Q3): $0.16 vs. $0.18 last year.
-EPS Decline (Y-o-Y): -11.1%
-Revenue (Q3): $118.37 Mln vs. $94.63 Mln last year.
-Revenue Change (Y-o-Y): 25.1%

Full year revenue guidance: $495 Mln

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